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Digital Domain Media Group, Inc. (DDMGQ)

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  • Sep. 24, 2012, 9:26 AM
    Bankrupt Digital Domain (DDMGQ.PK) has sold its Venice, CA and Vancouver studios to a JV owned by China's Galloping Horse and India's Reliance MediaWorks for $30.2M through a bankruptcy option.  The JV's offer is more than twice the size of an earlier bid from P-E firm Searchlight Capital. Digital Domain closed with a market cap of $11.8M on Friday, but bondholders will get first dibs at the company's assets.
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  • Aug. 1, 2012, 11:59 AM
    Digital Domain (DDMG +12.7%) jumps in mid-day trading after announcing it will work with i-banks and advisers to pursue "strategic and financial alternatives." Options mentioned by the digital animation services firm include JVs, asset sales, minority investments, and a full-blown sale of the company. (PR)
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